A Fresh Look at Amazon

By

Carolyn Boroden

| Nov 21, 2012 | 7:55 AM EST

I think I'd prefer to focus on a stronger stock than Baidu (BIDU) today. Even though I did give you a heads-up on that one in CC, I think we should discuss Amazon (AMZN) first. If we look at a weekly chart of this stock you can see that so far we are holding on top of a key support decision with the recent low being made at the 218.18.

First if we can continue to hold above this recent low, the upside POTENTIAL (in a perfect world) comes in way above the market at the 276 handle. Even if we only see a corrective rally back to the recent highs, there is still a decent upside potential....325 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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